Short Interest in Gogoro Inc. (NASDAQ:GGR) Expands By 16.5%

Gogoro Inc. (NASDAQ:GGR) was the recipient of a significant increase in short interest in February. As of February 27th, there was short interest totaling 57,573 shares, an increase of 16.5% from the February 12th total of 49,402 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 11,518 shares, the short-interest ratio is presently 5.0 days. Based on an average daily trading volume, of 11,518 shares, the short-interest ratio is presently 5.0 days. Approximately 0.4% of the company’s shares are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Gogoro in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. GSA Capital Partners LLP raised its stake in shares of Gogoro by 185.8% during the third quarter. GSA Capital Partners LLP now owns 774,659 shares of the company’s stock valued at $233,000 after purchasing an additional 503,624 shares in the last quarter. Jane Street Group LLC increased its stake in Gogoro by 81.1% during the 1st quarter. Jane Street Group LLC now owns 382,394 shares of the company’s stock valued at $103,000 after buying an additional 171,273 shares during the period. Finally, Citadel Advisors LLC increased its stake in Gogoro by 9.5% during the 3rd quarter. Citadel Advisors LLC now owns 181,126 shares of the company’s stock valued at $54,000 after buying an additional 15,749 shares during the period. 15.87% of the stock is owned by institutional investors and hedge funds.

Gogoro Price Performance

Shares of GGR opened at $3.64 on Tuesday. Gogoro has a 52 week low of $2.72 and a 52 week high of $8.68. The company has a current ratio of 0.77, a quick ratio of 0.60 and a debt-to-equity ratio of 2.75. The firm has a market cap of $53.79 million, a price-to-earnings ratio of -0.67 and a beta of 0.90. The stock has a 50 day moving average of $3.24 and a 200-day moving average of $4.22.

Gogoro (NASDAQ:GGR) last announced its quarterly earnings data on Thursday, February 12th. The company reported ($1.41) earnings per share (EPS) for the quarter. Gogoro had a negative return on equity of 53.99% and a negative net margin of 28.71%.The firm had revenue of $74.40 million for the quarter. As a group, analysts forecast that Gogoro will post -0.12 EPS for the current year.

Gogoro Company Profile

Gogoro Inc is a Taiwan-based technology company specializing in electric two-wheeler vehicles and battery-swapping infrastructure. Founded in 2011 by Horace Luke and Matt Taylor, the company pioneered the concept of a large-scale, on-demand battery-as-a-service (BaaS) network. Its flagship offering, the Gogoro Smartscooter, integrates a lightweight, high-performance electric drivetrain with a modular battery pack designed to be exchanged at convenient swap stations.

The core of Gogoro’s business is the Gogoro Energy Network, a proprietary system of battery-swapping stations that allows riders to quickly exchange depleted batteries for fully charged ones.